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Crude Oil, Natural Gas and Silver Rose Yesterday –Recap December 6

December 7, 2011

Major energy commodities prices continued to gain yesterday: WTI and Brent oil prices inclined. Natural gas prices (Henry Hub) also rose. Gold price slightly declined while silver price increased. Major currencies such as Euro slightly appreciated against the US dollar. Here is a summary of the price developments of precious metals and energy commodities for December 6th:

Oil and Gas Prices:

WTI oil price rose yesterday by 0.29% to $101.28 per barrel; Brent oil price also inclined by 0.83% to $110.41 per barrel;

Due these changes, the difference between Brent oil price and WTI oil prices slightly rose to $9.13/bbl. During the month, WTI oil price inclined by 0.9%, while Brent oil price declined by 0.8%.

Natural gas Henry Hub future price (January delivery) inclined by 0.87% to $3.49/mmbtu. The Henry Hub spot price also rose by 1.78% to $3.43/mmbtu; the difference between the spot and future price fell again to $0.06, i.e. Contango.

Precious Metals Prices:

Gold price slightly declined on Tuesdayby 0.16% and reached $1,731.80; Silver price on the other hand rose by 1.15% to reach $32.74. During December, gold price declined by 1.1%, and silver price decreased by 0.18%.